AP NEWS

Global Orthopedic Medical Robots Market to 2025 - ResearchAndMarkets.com

December 18, 2018

DUBLIN--(BUSINESS WIRE)--Dec 18, 2018--The “Orthopedic Medical Robots Market to 2025 - Global Analysis and Forecasts by Product, Anatomy, Application, End User and Geography” report has been added to ResearchAndMarkets.com’s offering.

In the report the orthopedic medical robots market, the market is expected to reach US$ $ 2,110.69 Mn in 2025 from US$ 375.49 in 2017. The market is estimated to grow with a CAGR of 24.1% from 2018-2025.

The orthopedic medical robots market is driven by the driving factor such as increase in the number of musculoskeletal diseases, rise in funds allocated for medical robots research and technological advancements in orthopedic surgical robots. However, the market is likely face the restraining factors such as high cost of robotic systems and safety concerns associated with the robotic devices market. The future trend that is likely to drive the market growth is rise in number of strategic collaborations and joint ventures to develop novel robotic systems.

The orthopedic medical robots market as per the product the segment is segmented as systems and instruments & accessories. The market of instruments and accessories has the highest market share in 2017, contributing to orthopedic medical robots market is of 60.7% and is expected to retain its dominance during the forecast period from 2018 to 2025. The rise in demand by the aging population for the hip and knee replacement is likely to propel the growth of the medical robotic systems market. Similarly, the systems segment contributed 39.3% of the market share in the year 2017 and is expected to be the fastest growing market in the coming forecast period.

The anatomy segment of the orthopedic medical robots market includes upper extremities, lower extremities, and others. The anatomy segment for the orthopedic medical robots market was valued at US$ 375.49 Mn in 2017 and is estimated to reach US$ 2,110.69 Mn by 2025.

Key Market Dynamics

Key Market Drivers

Increase In Number Of Musculoskeletal Diseases Rise In Funds Allocated For Medical Robots Research Technological Advancements In Orthopedic Surgical Robots

Key Market Restraints

High Cost Of Robotic Systems Safety Concerns Associated With The Robotic Devices

Key Market Opportunities

Increased Preferences Among Patients Towards Robotic Surgeries Development In The Healthcare Market

Future Trends

Rise In Number Of Strategic Collaborations And Joint Ventures To Develop Novel Robotic Systems

Companies Mentioned

Ekso Bionics Intuitive Surgical Medtronic Stryker Smith & Nephew Wright Medical Group N. V Zimmer Biomet General Electric Think Surgical Inc Omni

For more information about this report visit https://www.researchandmarkets.com/research/xb7z89/global_orthopedic?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181218005504/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Medical Devices,Orthopedic Devices,Robotics,Surgical Devices,Anatomy

KEYWORD:

INDUSTRY KEYWORD: SURGERY HEALTH MEDICAL DEVICES

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 12/18/2018 09:27 AM/DISC: 12/18/2018 09:28 AM

http://www.businesswire.com/news/home/20181218005504/en

AP RADIO
Update hourly